u/oneenigma4u

▲ 3 r/btc

The workaround at beats transaction per second.

Someone said to me in a text. That transactions per second has killed bitcoin and will keep it from becoming actually useful. I am pretty sure this person must be younger. It seems younger people do not know what was done in the past. Tools and skills that have been lost to them. I would bet many of them have no idea that people used to have two bank accounts. A savings account and a checking account. The savings account is where people would put their money. So it would gain interest. The checking account was for when they were ready to spend the money.They would transfer it from their savings into their checking. Younger people , today , all they've ever known was a debit card that they simply used. They never had to transfer funds in order to get access to their money. Well this particular method is being reintroduced. Buy crypto exchanges and brokerage houses. You transfer your bitcoin from your cold wallet to your brokerage house or exchange account. And then you simply use the debit card issued from that brokerage exchange or crypto exchange. You keep your bitcoin in your cold wallet where it grows. Transfer out only when you wanna buy something. Or transfer out what you think you need to spend for the year and simply use your debit card from the exchanges. Transaction per second crisis averted nullified.

reddit.com
u/oneenigma4u — 9 days ago
▲ 6 r/btc

Why did some of the best stock traders think bitcoin was a scam.

Some of the most highly reparable and skilled stock traders called bitcoin scam for many years. The reason is they were attempting to use the same tools that faithfully serve them for many years trading stocks. They attempted to apply these tools to bitcoin. This was the equivalent of an old school american mechanic using standard wrenches to Work on a new metric engine. After stripping out many parts , they proclaim the engine is garbage. Never comprehending what they are looking at is something new and different. And the tools that they are use to don't work on it. But should they get a set of metric tools. Then things start to make sense to them. And only then they can see the value of the new engine..

reddit.com
u/oneenigma4u — 10 days ago